Biogen Message Board - Msg: 6018771

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Biotech / Medical : Biogen

BIIB 161.58

+1.2%

3:59 PM EST

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To: Harold Engstrom who wrote (771)	10/14/1998 5:48:00 PM
From: Hong-Lee Yu	Read Replies (1) of 1686

All, Today's PFE price action bodes well for all drug/biotech stocks. PFE missed Q3 EPS by more 0.5C (10%). Yet the stock more than recover yesterday's loss. CNBC is very naiive in predicting weak opening for PFE. On the other hands, INTC beats the most bullish estimates by a couple of cents and yet the stock retreats 1 (i owned both). My interpretation is most people thinks the stock is undervalued, but worry about next year's corporate earnings. They will pay the premium for consistent earnings. BGEN fits the profile.

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